Can I Put Cash on My Card at an ATM?

You can deposit cash at an Automated Teller Machine (ATM), offering a convenient way to add physical money to your bank account outside of traditional banking hours. Not all ATMs offer this function, and the process can vary depending on your bank and the specific machine.

How Cash Deposits at ATMs Work

Depositing cash at an ATM means transferring money directly into your bank account. While many ATMs facilitate cash deposits, it is important to identify machines equipped for this service, typically bank-owned or network machines. Some independent or third-party ATMs may be limited to withdrawals.

There are two primary methods for depositing cash at an ATM. Older models may require an “envelope deposit,” where you place your cash into a provided envelope and then insert it into a designated slot. In this system, the cash is manually counted by bank staff later, meaning funds may not be immediately available. More modern ATMs, known as “envelope-free” or “cash recycler” machines, allow you to insert bills directly into a slot. These advanced machines count and verify the cash instantly, often crediting your account much faster.

Step-by-Step ATM Cash Deposit

To begin a cash deposit at an ATM, first confirm that the machine accepts cash deposits for your bank. Once at a compatible ATM, you will typically insert your debit card and enter your Personal Identification Number (PIN) to access your account. Some ATMs may also offer contactless options.

Next, select the “Deposit” option from the on-screen menu, choosing “Cash Deposit” if prompted. You will then choose the specific account (checking or savings) for your deposit. The ATM will prompt you to insert your cash into the designated slot. For envelope-free machines, organize your bills neatly without folds or paper clips before inserting them.

After inserting the cash, the ATM will count the bills and display the total amount on the screen for your review. It is important to verify this amount carefully to ensure it matches your intended deposit. If the amount is correct, confirm the transaction. The ATM will then process the deposit and issue a receipt, which you should retain for your records.

Key Considerations for Your Deposit

Banks often impose limits on the amount of cash you can deposit at an ATM, though these are typically based on the number of bills rather than a total dollar amount. For example, an ATM might accept up to 50 or 100 bills per transaction. If you have a larger sum, you may need to perform multiple transactions or consider depositing funds with a teller. Most banks do not have an overall daily cash deposit limit, but larger deposits are subject to federal reporting requirements under the Bank Secrecy Act.

The availability of deposited funds can vary. Cash deposited at envelope-free ATMs is often available immediately, as the machine verifies the amount instantly. However, for envelope deposits, funds may not be available until the next business day or even longer, as the cash needs to be manually processed. Banks may also place holds on larger deposits or those made after a specific cutoff time, which can extend the availability period.

Always obtain and keep your ATM receipt as proof of deposit. This record is important for tracking your finances and serves as evidence in case of discrepancies or issues. It is also advisable to verify the deposit through your online banking or mobile app to ensure funds are accurately reflected.